D. E. Shaw & Co. Inc. Raises Position in British American Tobacco PLC (BTI)

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D. E. Shaw & Co. Inc. increased its position in British American Tobacco PLC (NYSE:BTI) by 97.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 596,616 shares of the company’s stock after purchasing an additional 293,878 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in British American Tobacco were worth $19,008,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BTI. Bank of New York Mellon Corp lifted its position in British American Tobacco by 460,771.2% in the third quarter. Bank of New York Mellon Corp now owns 5,318,454 shares of the company’s stock worth $248,001,000 after purchasing an additional 5,317,300 shares during the period. Standard Life Aberdeen plc raised its stake in British American Tobacco by 15,948.3% during the third quarter. Standard Life Aberdeen plc now owns 1,251,766 shares of the company’s stock worth $22,146,000 after acquiring an additional 1,243,966 shares in the last quarter. Two Sigma Investments LP acquired a new position in British American Tobacco during the fourth quarter worth $32,727,000. Boston Partners acquired a new position in British American Tobacco during the fourth quarter worth $26,016,000. Finally, Dimensional Fund Advisors LP raised its stake in British American Tobacco by 61.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,139,399 shares of the company’s stock worth $53,130,000 after acquiring an additional 431,648 shares in the last quarter. 6.32% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco stock opened at $41.42 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77. British American Tobacco PLC has a 52-week low of $30.67 and a 52-week high of $60.81.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.6745 per share. The ex-dividend date is Thursday, March 21st. This represents a $2.70 annualized dividend and a yield of 6.51%. British American Tobacco’s dividend payout ratio is currently 68.21%.

BTI has been the subject of several recent analyst reports. Zacks Investment Research upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, February 12th. Cowen lowered British American Tobacco from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Piper Jaffray Companies upgraded British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 29th. Finally, Royal Bank of Canada upgraded British American Tobacco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, November 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. British American Tobacco presently has an average rating of “Hold” and an average target price of $53.00.

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British American Tobacco Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Institutional Ownership by Quarter for British American Tobacco (NYSE:BTI)

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